JP Energy Partners Announces Third Quarter 2016 Distribution

October 21, 2016 04:15 PM Eastern Daylight Time

IRVING, Texas--(EON: Enhanced Online News)--JP Energy Partners LP (“JP Energy” or “JPE”) (NYSE:JPEP) announced today
that the Board of Directors of its general partner has declared a cash
distribution for the third quarter of 2016 of $0.325 per unit. This
distribution corresponds to the minimum quarterly distribution of $0.325
per unit, or $1.30 per unit on an annualized basis. The distribution
will be paid on November 11, 2016 to all unitholders of record on
November 4, 2016.

Tax Notice

This release serves as qualified notice to nominees as provided for
under Treasury Regulation Section 1.1446-4(b) (4) and (d). Please note
that 100% of JPE's distributions to foreign investors are attributable
to income that is effectively connected with a United States trade or
business. Accordingly, all of JPE's distributions to foreign investors
are subject to federal income tax withholding at the highest effective
tax rate for individuals or corporations, as applicable. Nominees, and
not JPE, are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors.

This press release includes forward-looking statements within the
meaning of the federal securities laws. Statements that do not relate
strictly to historical or current facts are forward-looking. These
statements contain words such as "possible," "if," "will" and "expect"
and involve risks and uncertainties including, among others, that JPE's
business plans may change as circumstances warrant. When considering
these forward-looking statements, you should keep in mind the risk
factors and other cautionary statements in each of JPE’s documents and
reports filed with the Securities and Exchange Commission. Any
forward-looking statement applies only as of the date on which such
statement is made and JPE undertakes no obligation and does not intend
to correct or update these forward-looking statements to reflect events
or circumstances occurring after this press release except as required
by law. You are cautioned not to place undue reliance on these
forward-looking statements.